Mo.bi - Crypto Currency Tracker logo Mo.bi - Crypto Currency Tracker logo
Seeking Alpha 2021-03-16 18:28:30

Ray Dalio warns on bonds and the dollar, while Howard Marks warms further to Bitcoin

Bridgewater's Ray Dalio has been dour on the outlook for long-dated U.S. Treasurys ([[TLT]], [[TBT]]) and the greenback (USDOLLAR) for some time, but appears to have amped up his bearishness in his latest Principled Perspectives, humbly titled "Why in the world would you own bonds when ..."The arguments will be familiar to anyone who's been following along for the last few years: negative interest rates, exploding fiscal deficits, a central bank that soon might find itself needing to directly monetize government paper.It's all leading to the final stage of the long-term credit/debt cycle, says Dalio. Up next, he suggests, are higher taxes, leading to negative capital flows, and ultimately leading to capital controls. He advises investing money in emerging Asian economies (including - shocker - China).What The Oracle of Westport doesn't suggest investing in is Bitcoin (BTC-USD), though Michael Saylor (MSTR) responded to the Dalio essay, calling the popular crypto

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.